Carbon Asset Development
First Climate is active both in project development and as a buyer of and transaction partner for emission reduction credits (CERs, ERUs and VERs) on behalf of investors, corporate clients and for our own portfolio. Our global network of offices, subsidiaries and partners allows us to identify and develop high-quality CDM and JI projects as well as projects geared to the voluntary market. We have a particularly strong presence in China, India, Latin America, and Pakistan. Our Project Finance department works with financial partner institutions to develop vehicles facilitating investments, thus providing financial solutions for renewable energy and energy efficiency projects.
Development of carbon credits
Our Carbon Asset Development department has expertise in the entire carbon credit project cycle, starting with the identification and assessment of a project’s emission reduction potential. We guide you through the registration process under the Kyoto Protocol, assist with documentation, and facilitate certification under regulated standards (CDM, JI) and verification under voluntary market standards.
First Climate has developed high-level and comprehensive assessment techniques and financial models to determine a project’s viability and ability to generate carbon credits. For promising projects, we can support the financing of carbon-related development costs, for example costs for preparation of the Project Design Document and validation fees, thus sharing the CDM pre-registration risk with you.
Through our experience with state-of-the-art technologies and alliances with various European technology suppliers, First Climate can advise on appropriate technology solutions for emission reduction projects.
We buy your CERs and ERUs
When buying emission reduction certificates, we can offer a range of flexible pricing models and risk management structures. As exclusive investment advisor to the carbon funds listed below, we can put you in touch with reliable buyers for both pre- and post-2012 carbon credits. In this advisory capacity, we can recommend suitable projects to the funds for investment consideration.
Climate Change Investment I SICAR S.A. (assets under management: EUR 70 million)
Climate Change Investment II SICAR S.A. (assets under management: EUR 40 million)
Post 2012 Carbon Credit Fund (assets under management: EUR 125 million)
Through our trading operations, we have broad access to compliance buyers in the EU ETS who need Kyoto credits to fulfill their emission reduction targets.
We buy your VERs
First Climate has a strong track record in the voluntary market and regularly buys VERs verified according to the highest internationally recognized standards, i.e. Gold Standard, VCS, VER+, Social Carbon Methodology, and the Climate, Community, and Biodiversity Standard (CCBS). We look for projects that not only reduce emissions, but that also have social and environmental benefits.
Methodology development & risk management
First Climate has expertise in a wide range of baseline and monitoring methodologies and has developed methodologies for various technologies to enable new project types to qualify for the carbon market. Examples include a methodology for the production of biodiesel from dedicated plantations which was approved by the CDM Methodologies Panel in September 2007, and a methodology for N2O abatement in the industrial sector.
We apply a comprehensive framework and sophisticated tools for the risk management of our carbon transactions. This includes risks relating to the price of carbon credits, volumes of carbon credits delivered by projects, counterparty risks as well as reputation risks.
Our Methodology & Risk team is an in-house think-tank providing cutting-edge analysis and timely updates on regulatory developments related to climate change mitigation on the national and international levels. This team supports and controls our internal risk management and provides practice-relevant advisory services to external clients.
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